lee wrote on Dec 9
th, 2021 at 7:13pm:
Ah yes where merit is gender based
Irrelevent... pass.
Quote:You know how much China spends on defence?
yes... (haven't you got google...)
Quote:So there is no US version of the IMF despite your claim.
The US designed the IMF, to benefit the US.
Quote:Poor petal she has already moved it to the left. Except where climate change is concerned when she doesn't want Africa to have reliable fossil fuel energy. That's the Green Revolution for you. Just another neocolonial stance.
Never fear. If climate change is real, the mob at future COPs will be forced to fund Africa's transition.
Quote:But you initially said he borrowed it.
No I said he should never borrow in US dollars; you claimed he lent petro dollars ie US dollars.
Quote:So how did he describe this GFC? That Australian house prices would fall by 40%.
He predicted the GFC, when main-streamers had no idea.
Now as the detail of the OZ housing market, he was wrong.
Quote:That Australian debt to GDP would be 160%.
"
Australia household debt accounted for 129.2 % of the country's Nominal GDP in Dec 2020" add on the public debt 40%.
Quote:That Australia would be in recession long before debt to GDP ratio fell
Oz had experienced per capita GDP declines before Covid.
Meanwhile the UK treasurer is bemoaning the the fact that governments "are being forced to experiment with MMT" as a result of the huge run up in covid debt (Guardian article today)
Of course he lists 7 reasons why MMT is flawed, and bleats about inflation, but he doesn't say HOW governments could have dealt with a situation with half the nation's work-force locked up at home.....
Quote:And yet you can't provide anything but can, could and may. Why is that?
I know you won't shut yourself in your garage with the fossil engine running....
Quote:Wow are you that brain dead that you think running an engine without adequate ventilation is good. Even electric motors - read up on ozone.
Yeh, without adequate ventilation.... why is that?
As for EVs:
"Simple answer: Electric cars use brushless motors, generally either asynchronous induction motors or synchronous permanent magnet motors. They don’t create any ozone at all". Quote:Already addressed.
You still don't understand high density traffic and poeple at busy intersections. Governments do, and that's why Diesel's days are numbered.
Quote:Now you are changing the story line. It is not what can be achieved but the extent to which it will provide stable supply.
https://www.greentechmedia.com/squared/dispatches-from-the-grid-edge/solving-the-renewable-powered-grids-inertia-problem-with-advanced-inverters
"
At the theoretical endpoint of this transition, inverter-based generators can shift from “grid-following” systems that match their operations to frequencies created by spinning generators to “grid-forming” systems that actively create the frequency of the networks they’re serving.
That’s how global grid giant Hitachi ABB Power Grids approached the challenge it faced at the Dalrymple ESCRI (Energy Storage for Commercial Renewable Integration) project in South Australia. The 30-megawatt/8-megawatt-hour battery system sits at a substation serving several towns on a peninsula that also hosts about 90 megawatts of wind farms, with only a single connection to the mainland. The battery allows transmission grid operator ElectraNet to provide grid stability and prevent outages in case of lightning strikes or other disruptions to the line. Further down, mention of a "virtual synchronous machine"... highly technical but the solutions for grid stability with 100% renewables are well on the way. Meantime, let's get Snowy 2.0 up and running, and roll out as much solar and wind as possible.
Google article: "
South Australia takes another big leap towards 100 per cent wind and solar""The rapid transition of the South Australia grid towards a world-first target of net 100 per cent wind and solar has taken another stunning leap forward, with the amount of gas generation slashed by half, allowing wind energy to set a new record of its own.
"South Australia regularly reaches levels of more than 100 per cent wind and solar – in fact it has done that for all but three days since the start of October
(written 18th november) Some days the electricity is free with the excess sent to Victoria via the interconnector.
Same result for all of Nov. (I can't find the latest updated article which I read yesterday).
Exciting times we live in!